How to Start a Business with No Experience and No Money

You want to start a business, but you have no experience. Nothing. No experience, no money. Nothing. How do you do that?

I’ll break that down in this video. You can start a business with no experience. You really can.

How to start a business with no experience?

First of all, you’ve got to get started. You have to understand that it’s okay to be you. I’m not saying that in a condescending way. In my course, Local Hustlers – the thing is, it’s okay to struggle.

I had a young lady who commented on the video. She said… “I’m angry.”

There were so many things she didn’t get. Essentially, she’s at that point where her eyes are being opened. She’s where she should be.

The matrix that people will say for you to do is in order to start a business you must have business cards. You must incorporate. You must rent business space.

Right now, I’m in my underwear. I’m not getting up to show you. I started a business so I want you to listen to me. I started a YouTube business that allows me to do that.

So, when I say this. This is not BS. I know it can be done. The reality is you can start right now with no experience and if you work your ass off and you do this for 12 – 24 months, you could possibly have a business. I will make you this guarantee. If you don’t have an IQ of 75, within 12 to 24 months, you can have a business that will support you and your family.

I remember this conversation I had with a fool. Many people are caught up in the façade of a business. I’ve got this nice office space. I’ve got these nice cards. This is the new economy. You don’t have to do things the way your father and grandfather did. Get up. Get started. Do something now.

At the end of the day, you could have the framework of a business. Now, are you incorporated? No. I don’t recommend you do this until you validate your business idea.

What’s validating? Finding out if your concept will get strangers to pay money for it.

How to Start A Business Rule One: Get started!

How To Start A Business Rule Two: Forget about the people in your life who have not started a business and can’t offer you valid, time-tested advice.

When I started my first business that was doing well, I got some bullshit from my mother and I completely ignored it. She filed bankruptcy three times. She doesn’t know shit about money. She never started a business.

What people confuse is age with wisdom. There’s a lot of 60, 70, and 80-year-old fools out there. It is 2017. We don’t do it like that anymore.

A lot of people romanticize the good part of history and ignore the bad part.

How To Start A Business Rule Three: You have got to become a metric monster. You’ve got to dig in the data.

Many people do not want you to win.

They may say they want you to win. They may act like they’re in your corner. They will become your Brutus, because your winning means they did not participate in the game. Brutus thought he was smarter than you. You’re going to experience success and when Brutus comes along, you’ll be ready.

Rule Number 4: You’ve got to be grateful for the little stuff.

I’m happy for the fools who subscribe to this channel and immediately give me a dislike. Thank you. You just got me a view. You’re just giving me a bigger view count.

During the beginning, when you’re out there talking to people about sales and they say they want to buy, but make excuses about having to pay the light bill or whatever, don’t get upset. Practice gratitude. Practice appreciation. You practice these two things and money will jump in your wallet.

Now let’s get down to the technical parts. At what point do you incorporate? When you’ve earned enough money to pay for the incorporation and money is still coming in. Remember, I believe in incorporating business structures. You’re going to have to do some research. Everybody has a different situation.

To build, you’re going to have to go back to being a metric monster.

Another way for you to start a business without experience is to work for free.

If you don’t have what the world needs at that time – the world has no use for you.

When it comes down to serving people and making money, you earn what you deserve.

Humanity operates from a Quid Pro Quo philosophy. It’s either some money. It’s either emotional benefit. There’s got to be some emotional benefit or people aren’t interested. They’re just not.

So, retrain your brain. Because, yes, you can start this business with no experience. But there’s going to be stages. First, you go through 1, 2, 3, 4, and then stage 5.

Stage five is to realize you’re the owner. Many people own businesses and act like employees, and wonder why their people don’t respect them. When you get to a certain level, you own that shit. You’re the person on the white horse. When you accept that responsibility, you’ll make more money.

What I don’t like about our society today is the thing with the trophies. There are no participation trophies in business. There are none. You fucking win or you fucking lose. So, if you bring that participation mindset into the business and you’re getting your ass kicked, it’s because you never learned to struggle.

There’s this wonderful book by Paul Tugh, How Children Succeed. It’s good advice for adults too. It’s a colorful book with pencils on the cover. The gist of the book is that many kids are spared the process of struggle. It shows up when they are adults.

There’s so much opportunity now, it’s sick. When people say…”I’m waiting for the right time,” you’re waiting because you are afraid.

Every time I put some shit out, I have a lot of losers. It happens. I fail more than I win, which leads me to Rule Number 6. If you fail a lot, you’re going to have to create massive action. I fail a lot. I fail 75% of the time. So, if I do 10 action points, I’m going to win 2.5. So, what do I do with that information? I create 40 action points. I still have a 25% success rate.

I paused because I just gave you the magic jelly beans.

So, if you want to start a business with no experience, you’ve got to work your ass off. People have so many options, they don’t know what to do.

You’ve got to figure out what your thing is. The best way to figure out what your thing is, is to fuck up a lot.

My thing isn’t money. My thing is freedom. That is my crack. I can do what I want on most days.

You can build your life. It’s a matter of courage.

Your deficiencies are going to take up most of your time. I believe in shoring up your deficiencies.

You struggle for your success. If you really want to start a business with no experience, it’s something you can do.